Clearing Accounts definition

Clearing Accounts means the Eligible Accounts maintained at the Clearing Account Bank by the Individual Borrowers in their respective names for the benefit of Lender. There shall be one Clearing Account for each Manager.

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Clearing Accounts means those certain clearing accounts into which all credit card deposits and other amounts hereunder which are not contemplated to be deposited into the Property Accounts are transferred directly and from which all amounts on deposit are transferred to the Cash Management Account and which Clearing Accounts shall be Eligible Accounts.

Clearing Accounts means the accounts set forth on Part C of Schedule III, or such other accounts approved by the Administrative Agent, such approval not to be unreasonably withheld.

Examples of Clearing Accounts in a sentence

• At all times, Purchaser shall be the sole beneficial owner of the funds in the Payment Clearing Accounts received in connection with the Mortgage Loans and Seller's possession or control of any such funds shall be solely in Seller's capacity as collecting agent for Purchaser.

• We will settle funds to and from the Clearing Accounts in the manner described in this Agreement; however, you have no rights to the Clearing Accounts or to any funds held in the Clearing Accounts, you are not entitled to draw funds from the Clearing Accounts, and you will not receive interest from funds maintained in the Clearing Accounts.

• All funds resulting from Charges are held in pooled clearing accounts (the "Clearing Accounts") with our banking partners.

• The Direct Clearing Accounts are accounts on which contracts are Recorded.

• The Clearing Accounts, the Deposit Account and all other Accounts will be under the sole control and dominion of Lender, and none of any Borrower, Operating Lessee or any Manager shall have any right of withdrawal therefrom.

More Definitions of Clearing Accounts

Clearing Accounts means those certain clearing accounts into which all Gross Income from Operations are transferred directly and from which all amounts on deposit are transferred to the Concentration Account (in the case of the BofA Clearing Accounts) and the Cash Management Account (in the case of all Clearing Accounts other than the BofA Clearing Accounts), which Clearing Accounts shall be Eligible Accounts.

Clearing Accounts shall have the meanings set forth in Section 6.1.

Clearing Accounts shall have the meaning set forth in Section 2.7.1(a) hereof.

Clearing Accounts means the Eligible Accounts maintained at the Clearing Account Bank by the Individual Borrowers or a TRS Lessee in their respective names and shall include the Clearing Accounts, the Aggregate DACA Accounts and the Sub-DACA Accounts, each as defined in that certain Cash Management Agreement, dated as of February 27, 2015.

Clearing Accounts. 3.1 "Clearing Banks" - 3.1 "C▇▇" - 4.1.22 "Collateral" - Mortgage "CON" - 4.1.22 "Condemnation" - 7.3.1 "Conversion Notice" - 2.1.2(c) "Conversion Shortfall" - 2.3.2(b) "Defeasance" - 2.3.3 "Defeasance Date" - 2.3.3 "Defeased Note" - 2.3.3 "Deposit Account" - 3.1 "Disclosure Document" - 9.1.2 "Draw Fees" - 2.6.1 "Engineering Reports" - BLA "Environmental Laws" - 4.2.31 "Environmental Report" - BLA "Equipment" - Mortgage "Event of Default" - 8.1 "Exchange Act" - 9.

Clearing Accounts those certain accounts established pursuant to the Clearing Account Agreements.

Clearing Accounts shall have the meanings set forth in Section 6.1. Pool 2